DELO — a global manufacturer of industrial adhesives for automotive, consumer, and industrial electronics applications — has achieved sales of U.S. $202 million (182 million euros) in fiscal year 2021/22, ending March 31, 2022.
For more than 60 years, DELO has been supplying customized adhesives and equipment systems for applications in high-tech industries such as automotive, aviation, optoelectronics, and electronics.
This is an increase of nine percent compared to the previous year. The manufacturer of high-tech adhesives and other multifunctional materials, as well as related equipment, recorded double-digit growth in Malaysia, South Korea and the U.S. Overall, DELO generated half of its revenues in Asia, one-third in Europe and one-sixth in North America. The largest single market was China with a 31% share of sales, ahead of Germany with 19% and America with 13%.
In terms of industries, consumer electronics, the automotive industry and the semiconductor sector proved to be the most important once again. Compared with the volatile previous year, which was dominated by Covid, fiscal 2021/22 was characterized by more stability, but remained challenging.
“Due to limited air cargo capacity and local lockdowns, smooth delivery has been an ongoing challenge,” said Dr. Wolf Herold, managing partner of DELO. “Thanks to the great commitment of our employees and close coordination with our transport service providers, we managed to reliably supply our goods to our customers even in this difficult environment.”
Investments in research and development accounted for approximately 15 percent of turnover. Further progress was made in internationalization. The establishment of the Malaysian subsidiary was completed, and new facilities were opened in South Korea.
As in previous years, employees also shared in the success. There was a loyalty bonus of $2,200 (2,000 euros) per person. Currently, DELO employs almost 900 people. This is up 80 from a year ago. The company plans to create 100 additional jobs in the new fiscal year.
Filed Under: Adhesives • epoxies